My Forex Funds Fallout: HR Startup Stops Payouts to Prop Trading Firms

<p>The HR startup. Deel has suspended payout services to several prop trading companies after it came under the radar of US commodities regulator for its links to My Forex Funds, which is facing fraud charges. </p><p>My Forex Funds Fiasco Highlights Deel's Dealings
</p><p>According to a tweet by Bespoke Funding's CEO, Lewis Kaler, Deel is under investigation by the CFTC and has paused payouts to prop trading firms. An executive of MyFundedFX, another prop trading firm, confirmed on Discord that the platform will be "unable to process payouts through Deel" for 24 to 48 hours as the HR startup has initiated an "industry-wide compliance review."</p><blockquote><p lang="en" dir="ltr">An official announcement in regards to Contracts, Payouts &amp; KYC has been made in our discord today.